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House for sale in Essen, Germany

565 000€

45307 Essen

Property description

Description of the property: This multi-family house is a three-story building with seven attached units, totaling 397 square meters of living space. Built in 1911, the property features balconies and a partially converted attic. Two units on the first floor have been combined into one. Heating is provided by a gas central heating system and night storage heaters, with hot water supplied by a tankless water heater. The ground floor loggia has been enclosed with windows. Thoughts on the price: The property is listed at a market value of 565,000.00 EUR but is available for purchase through a court auction at a discounted price of 395,500.00 EUR, potentially saving you 30% off the market value. This presents a great opportunity for buyers to acquire a property at a lower cost and potentially avoid additional expenses such as notary fees and agent commission. Considering the size of the property and its potential for rental income from the multiple units, this could be a valuable investment opportunity for those looking to enter the real estate market. Contact us for more information on this property and other similar opportunities listed in our monthly auction catalog.

Location

45307 Essen

Date added: 28.07.2024

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